Common use of New Obligors Clause in Contracts

New Obligors. During the term of this Trust Agreement, one or ----------------- more additional Subsidiaries may become a party to this Trust Agreement by executing an assumption agreement, substantially in the form of Exhibit B, whereupon such Subsidiary shall become an Obligor for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Federal Mogul Corp), Trust Agreement (Federal Mogul Corp)

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New Obligors. During the term of this Trust Agreement, one or ----------------- ------------------ more additional Subsidiaries may become a party to this Trust Agreement by executing an assumption agreement, substantially in the form of Exhibit B, whereupon such Subsidiary shall become an Obligor for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Federal Mogul Corp)

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New Obligors. During the term of this Trust Agreement, one or ----------------- more additional Subsidiaries may that become guarantors pursuant to the terms of any Secured Instrument shall become a party to this Trust Agreement by executing an assumption agreement, substantially in the form of Exhibit B, whereupon such Subsidiary shall become an Obligor for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Anc Rental Corp)

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